Tag: foreign banking transactions
Private banks from Switzerland and Liechtenstein are pushing into the German market
Headquarters of Bank LGT in Vaduz Banks from Liechtenstein are also opening branches in Germany. (Photo: AP) Zurich The competition in the German private banking market is getting tougher: A…
UBS ticks off Archegos scandal for Credit Suisse
UBS subsidiary Credit Suisse The scandal surrounding Archegos and his manager Bill Hwang caused Credit Suisse a loss of five billion US dollars in mid-March 2021. (Photo: Reuters) Zurich UBS…
Deutsche Bank has to pay a fine again – the US central bank imposes a fine of millions
Deutsche Bank in Frankfort The bank said it has invested heavily in transaction controls since 2019. (Photo: IMAGO/Jan Huebner) New York, Frankfurt The US Federal Reserve has imposed a fine…
Deutsche Bank discusses dual role of US board with ECB
Stephen Simon The manager will also lead the business in the USA in the future. (Photo: imago/Sven Simon) Frankfurt The recent restructuring of the management board at Deutsche Bank raises…
Barclays wants to sell German private customer business
Barclays branch in London The major British bank could sell its German business. (Photo: Reuters) Frankfurt, Hamburg The major British bank Barclays is considering selling its private customer business in…
Deutsche Bank closes Alfred Herrhausen Gesellschaft at the end of the year
Anna Herrhausen Anna Herrhausen, managing director of the Alfred Herrhausen Society and daughter of the murdered Deutsche Bank CEO, leaves the bank. (Photo: dpa) Frankfurt The non-profit Alfred Herrhausen Society…
Why Paris became the Brexit winner in the financial scene
La Defense business district Paris has become the leading financial center in the EU. (Photo: E+/Getty Images) Paris Expectations were high. The financial center Frankfurt will be the biggest winner…
India targets Deutsche Bank for Xiaomi remittances
Deutsche Bank AG The banks had received the notifications because they allegedly had allowed such transfers abroad without a corresponding examination and request for the necessary documents. (Photo: dpa) New…
Ermotti brings five new managers to the board
UBS and Credit Suisse buildings in Zurich Zurich UBS boss Sergio Ermotti forms his management team for the time after the takeover of Credit Suisse. To this end, he has…
Ermotti brings five new managers to the board
UBS and Credit Suisse buildings in Zurich Zurich UBS boss Sergio Ermotti forms his management team for the time after the takeover of Credit Suisse. To this end, he has…
After the takeover, UBS and Credit Suisse will initially remain separate institutions
UBS and Credit Suisse buildings in Zurich Zurich After taking over its former rival Credit Suisse, the major Swiss bank UBS initially wants to operate the business of both institutes…
Deutsche Bank’s head of human resources faces a fine after buying a bond
Michael Ilgner The former head of Deutsche Sporthilfe has been Head of Human Resources at Deutsche Bank since 2020. (Photo: obs) Frankfurt The head of HR at Deutsche Bank is…
Deutsche Bank restructures its board of directors
Christiana Riley The board member responsible for the US business will leave the bank. (Photo: Bloomberg) Frankfurt Chairs back at Deutsche Bank: In addition to Karl von Rohr, board member…
Deutsche Bank cuts loans to fossil fuel companies
Deutsche Bank in Frankfort Deutsche Bank financed fewer oil, gas and coal companies last year (Photo: imago images/Jan Huebner) Frankfurt Last year, Deutsche Bank financed fewer fossil-fuel companies and projects…
Deutsche Bank prepares to close its Russian tech centers
Deutsche Bank in Frankfort The institute is urging the staff at its technology centers in Russia to change. The institute is likely to close the locations in the foreseeable future.…
Losses at US Bank Jefferies hint at a tough first quarter on Wall Street
US bank Jefferies Financial Group in New York The institute’s net income fell 59 percent year-on-year to $133.6 million. Jefferies stock is down about 8 percent so far in 2023.…
Sergio Ermotti replaces Ralph Hamers at the helm of UBS
Former and future UBS CEO UBS Sergio Ermotti Ermotti retired as UBS CEO in 2020 and is currently Chairman of the Board of Directors of reinsurer Swiss Re. (Photo: Bloomberg)…
Saudi Bank President resigns
CreditSuisse The Saudi National Bank joined Credit Suisse in 2022. (Photo: IMAGO/NurPhoto) new York The Credit Suisse crisis has had its first consequences in terms of personnel. However, it is…
Credit Suisse: The bank tamers’ oath of disclosure
Protests against the takeover of Credit Suisse by UBS Credit Suisse was the first field test for the extra-tough rules that apply to the world’s 30 most systemically important banks.…
Credit Suisse: The bank tamers’ oath of disclosure
Protests against the takeover of Credit Suisse by UBS Credit Suisse was the first field test for the extra-tough rules that apply to the world’s 30 most systemically important banks.…